Bitcoin May Face Resistance Near $124K–$136K with Support Around $101K–$113K, On-Chain Data Suggests
2025-07-16 11:56:43
Main Idea
Bitcoin's price faces resistance near $124K–$136K and support between $101K–$113K, with these levels reflecting investor sentiment and market dynamics.
Key Points
1. Bitcoin's resistance levels are identified at $124,000 (short-term profit-taking) and $136,000 (short-term buyers' +1 STD).
2. Support zones are found between $101,000 and $113,000, indicating strong buying interest and medium-term bullish conviction.
3. On-chain metrics provide insights into Bitcoin's price movements and investor behavior.
4. Traders should monitor the interplay between resistance and support levels to gauge market momentum.
5. Failure to maintain support zones could signal increased selling pressure.
Description
Bitcoin’s recent price action reveals critical resistance and support levels identified through advanced realized price bands, signaling key investor behavior. These price bands, derived from short-term holder data, provide a
Latest News
- Bitcoin Nears $120,000 Resistance Amid $1.5 Billion ETF Inflows and Potential Rally Factors2025-07-17 09:53:02
- Arthur Hayes Boosts Ethereum Ecosystem Holdings with $1M in LDO and AAVE Amid Recent $6M ETH Purchase2025-07-17 09:52:45
- Dogecoin May Be Approaching Key Weekly Close That Could Signal Potential Upside Toward $0.502025-07-17 09:51:07
- Bitcoin Dominance Decline May Signal Potential Start of Altcoin Season, Analysts Suggest2025-07-17 09:50:21
- Ethereum Treasury Companies Drive Pre-Market Gains with SharpLink Gaming and BTCS Leading Surge2025-07-17 09:50:06